>> no, in our industry, putting your hands on customer funds takes some deliberate actions. you have to make an active decision to convert those funds. and i think that's what happened. >> smith: how much money is still missing? >> i think it's a little over $1.5 billion. and it's not missing, it's at j.p. morgan. i mean, we know where the money is. >> narrator: j.p. morgan was mf global's banker. investigators are now trying to determine if, in those last desperate days, mf global executives intentionally transferred customer money to j.p. morgan to meet a margin call from the bank. >> smith: is it legal for them to take the money from the customer account to meet their margin calls? >> no, definitely not. >> smith: i mean, that's different than internal repo. >> it is different from internal repo. and i would argue it's actually an act of fraud. >> smith: an act of fraud. >> yeah, i think it could be prosecuted. >> narrator: corzine says he did not order the transfers. >> please. >> out of the way, folks. >> narrator: but, he insists, he will cooperate with investigators t